Business

Over 6 lakh Families Receive Rs 13,290 Crore Under PM Jeevan Jyoti Bima Yojana: Nirmala Sitharaman

On Tuesday, Nirmala Sitharaman, the Finance Minister, stated that the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) has played a vital role in supporting approximately 664,000 families, who have received a total of ₹13,290 crore in claims.

Also Read: Share Markets Pare Early Gains In Turbulent Trade Amid Weak Global Equities

Sitharaman observed on the occasion of the eighth anniversary of the Jan Suraksha schemes, comprising of the Suraksha Bima Yojana (PMSBY) and the Atal Pension Yojana (APY), that their objective is to extend vital financial services to disadvantaged individuals, with the aim of minimizing their financial insecurity.

Meanwhile, Prime Minister Narendra Modi expressed on Twitter that the JanSuraksha schemes, which were introduced eight years ago, have served as a crucial means of aid for millions of Indians, affording them a dependable social security cover.

Also Read: OpenAI’s Struggle to Achieve Profitability, Witnesses $540 Million Loss

Sitharaman mentioned that the simplified claim process under the PMSBY scheme has enabled expedited settlement of claims, with over 115,000 families having received claims worth Rs 2,302 crore.

The most recent statistics reveal that until April 26, 2023, 162 million individuals have enrolled in PMJJBY, while PMSBY and APY have garnered 342 million and 52 million enrollments, respectively.

Shruti Rag

Recent Posts

Renowned Folk Singer Sharda Sinha Passes Away At 72; PM Modi Expresses Condolences

PM Modi expressed sorrow over Sinha’s death. "The passing of Sharda Sinha ji is deeply…

4 hours ago

US Election: India Confident Of Strong US Relations And Quad Continuity, Says Jaishankar

Jaishankar noted that the US-India relationship has flourished under both Democratic and Republican leadership, including…

5 hours ago

Sanskriti Diwas Marks 98th Birth Anniversary Of Kashiraj Dr Vibhuti Narayan Singh

Program coordinator Chakravarti Vijay Navad announced that 11 prominent individuals received the Kashiraj Dr. Vibhuti…

5 hours ago

Mallikarjun Kharge Slams ‘Batenge Toh Katenge’ Slogan During Jharkhand Campaign

Kharge emphasized that the BJP leaders promote divisive rhetoric as part of their agenda. He…

7 hours ago

Police Arrest Two In Fake Marriage Certificate Racket In Name Of Arya Samaj

DCP Nagar Abhishek Bharti revealed that five couples, including Shivani and Shrikant Yadav, recently filed…

7 hours ago

India And Nigeria Strengthen Counter-Terrorism Cooperation In Second Strategic Dialogue

Doval and Ribadu held detailed talks on challenges linked to terrorism and radicalization, including those…

8 hours ago